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Dow +18, Nasdaq +5, +1 DXY $80.14 (-6c) Crude $88.02 (-Sc) Gold $1730.60 (+S1.10) Copper +0.55% Republicans rejected opening offer from President Obama for a deal to avoid going over the fiscal cliff that included $1.6T in new tax revenues, a $50B economic stimulus package and new power to increase
+0.55% Republicans rejected opening offer from President Obama for a deal to avoid going over the fiscal cliff t
nitiates CPI LN (b), BEREN upgrades ITK LN & initiates BAB LN (b) Citi initiates TRELB SS (b) & upgrades PNN LN, BEREN initiates SRP LN (h), MS cuts BZU IM Reporting Pre-Open: GCO, JOUT, SBLK, SOL, UNFI Economic Data: Personal Income & Spending @ 8:30am, NAPM-Milwaukee PMI @ 9am, Chicago PMI @ 9:45am
ink FT • Cement merger tries to head off regulators FT • Chinese developers beef up bank stakes FT • Global recovery 'hinges on reforms' FT • Obama's hope of reshaping Supreme court fades FT • Nasdaq setbacks test shareholder patience FT • Bicycle component makers ride sales boom FT • UK di
LN (sell), Warburg upgrades SWVK GR (buy) ••• DnB upgrades TRYG DC, Exane BNP upgrades HOLN SW/LG FP, Equita upgrades LG FP ;••• Fidentiis upgrades BZU IM (buy), GS upgrades TRYG DC and VIG AV (buy) & cuts STL NO ••• HSBC downgrades VTBR LI, Jefferies upgrades O1BC GR and IMI LN (buy) & initiates AO LN
le WSJ Op-Ed • Yes, Mr. President, We Are a Nation of Takers WSJ Op-ed • Goldman overcomes its latest headache NYT • A signal to Wall Street in Obama's pick for regulators NYT • Osborne holds course as GDP data emerge Fr • Samsung warns on smartphones competition FT • Nokia makes progress Lex
LN, Numis downgrades LSE LN ••• Natixis reit buy Fl IM & neutral UG FP, Numis upgrade STJ LN, Danske downgrade FUM1V FH, Intermonti upgrade IT IM, BZU IM, CEM IM Reporting Pre-Open: COV, HAL, HON, KMB, PG, WY, ACO, CMCO, IMGN, LKFN, OSK, PB, TMP, WTBA Reporting Post-Close: BH Economic Data: New Home
Entities connected to both Barack Obama and BZU IM

George W. Bush
PERSON
Michigan
LOCATION
Lesley Groff
PERSON
Bernstein
PERSONIke Groff
PERSON
Barron
PERSON
Wells
ORGANIZATION
Horizon
ORGANIZATIONNomura
ORGANIZATIONBarcap
ORGANIZATIONConstruction Spending
ORGANIZATIONADP Employment Change
ORGANIZATION